{"id":73424,"date":"2024-09-07T18:39:00","date_gmt":"2024-09-07T18:39:00","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-can-learn-from-china-in-terms-of-energy-says-ramaphosa"},"modified":"2024-09-07T18:39:00","modified_gmt":"2024-09-07T18:39:00","slug":"sa-can-learn-from-china-in-terms-of-energy-says-ramaphosa","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-can-learn-from-china-in-terms-of-energy-says-ramaphosa","title":{"rendered":"SA can learn from China in terms of energy, says Ramaphosa"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>President Cyril Ramaphosa does not believe Chinese investments in Africa are pushing the continent into a \u201cdebt trap\u201d, but are instead part of a mutually beneficial relationship.<\/p>\n

Ramaphosa was speaking on the sidelines of a China-Africa summit in Beijing, where delegates from more than 50 African nations gathered this week.<\/p>\n

\u201cI don\u2019t necessarily buy the notion that when China [invests], it is with an intention of, in the end, ensuring those countries end up in a debt trap or in a debt crisis,\u201d he said when asked by reporters about China\u2019s pledge at the summit of $51bn (R901.8bn) in new funding for Africa.<\/p>\n

In addition to the financial support over three years, China promised to carry out three times as many infrastructure projects across resource-rich Africa, which in recent years has become the focus of intense geopolitical competition between global powers such as China, Europe and the US.<\/p>\n

Without providing details, Ramaphosa said South Africa had reached agreement with China on aspects of its energy security. He said South Africa could learn from China on reforming its energy sector.<\/p>\n

\u201cThey already have done exactly what we are seeking to do. So there are lessons for us to learn from China and how to do it,\u201d he said.<\/p>\n

Ramaphosa also said South Africa would look to attract China\u2019s electric vehicle manufacturers including its largest, BYD.<\/p>\n

\u201cWe had good exchanges with BYD, which has shown a great interest to invest in South Africa,\u201d<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. President Cyril Ramaphosa does not believe Chinese investments in Africa are pushing the continent into a \u201cdebt trap\u201d, but are instead part of a mutually beneficial relationship. Ramaphosa was speaking on the sidelines of a China-Africa summit in Beijing, where delegates from more than 50 African nations gathered this week. \u201cI don\u2019t […]<\/p>\n","protected":false},"author":84,"featured_media":73423,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12],"tags":[274,315,275],"class_list":["post-73424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","tag-africa-press","tag-africa-press-south-africa","tag-south-africa-2"],"yoast_head":"\nSA can learn from China in terms of energy, says Ramaphosa - South Africa<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-can-learn-from-china-in-terms-of-energy-says-ramaphosa\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SA can learn from China in terms of energy, says Ramaphosa\" \/>\n<meta property=\"og:description\" content=\"Africa-Press – South-Africa. President Cyril Ramaphosa does not believe Chinese investments in Africa are pushing the continent into a \u201cdebt trap\u201d, but are instead part of a mutually beneficial relationship. 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